Early Retirement Blog

The Obama Factor

Update: November 5th, 2008.  Well Obama won, and the stock market went down, will we see an Obama stock market rally over the next few months?  Let’s track it, the Dow is at 9500, I’ll check back on December 5th.  The original article starts in the next paragraph.

Should you vote for Barack Obama to save your retirement?  There is a strong possibility, that a November 4th presidential victory by Obama, could produce a much needed bounce on Wall Street. Stocks could go higher, as the world regains confidence in America, and begins investing in our country once again.

The world is unanimous in their support for Obama, the BBC polled people in 22 countries over who they preferred in the U.S. Presidential election, and Obama won by a margin of 49% to McCain’s 12%.  The world can’t wait for Obama to get elected.

And after all,  it is the world that lends us the money to continue deficit spending by the U.S. Government, by buying U.S. Treasury Bills.  And, it is the world that buys our troubled banks, who invested in the Bear Sterns bailout, but balked on the Lehman deal.

The world finally lost confidence in America, and stopped investing in government backed securities, and bailing out our banks, when it became obvious that the banks were lying and robbing foreign investors.  That is what precipitated the collapse.

Only, when the world regains confidence in the United States, will the country be able to begin the long road to recovery.

The recent bailout package, can be seen as nothing other than the last, and unfortunately successful attempt, by the current administration to rob the taxpayers on their way out of Washington.  The world understands this now, and the bailout instead of helping the stock and bond markets as advertised, led to financial panic across the globe.  The world is looking for leadership from America – not a gang of thieves.

If the world wants Barack Obama to win the election, should we give the world what it wants and vote for Obama, in order to regain world confidence and save our retirement 401ks?

Update November 4th, 2008: Good article on how people around the world are excited by an Obama presidency. Link

Update September 2010: Wall Street did get a bounce.  The banks were bailed out and the S&P 500 rose more than 50%.  Unfortunately, it’s over, as the world and the U.S. figured out that Obama is just another politician working for the wealthy elite.  Three months from now, sometime in December 2010, Obama will give Wall Street your retirement.  What a shame.